According to the research report, “Opportunities in the Asia-Pacific Haircare Sector: Analysis of Opportunities Offered by High Growth Economies”, the global haircare sector was valued at USD 69,439.7 million in year 2017 and is estimated to reach USD 82,040.3 million by the year 2022, growing at a CAGR of 3.4% during the period 2017–2022. The Asia-Pacific haircare sector accounts for 35.2% share of the global market, which was valued at USD 24,470.1 million in the year 2017. The haircare sector is forecast to reach USD 32,824.6 million by the year 2022, growing at a CAGR of 6.1% during the period 2017–2022.
Of the seven categories, shampoo holds the largest share that accounts for 50.4% of the total value sales followed by conditioner that accounts for an aggregate value share of 27.5% in the year 2017. A projected value CAGR of 7% will be witnessed during the period 2017–2022, however, the shampoo category is set to record the fastest growth amid all the haircare categories in the Asia-Pacific Haircare Sector.
High Potential Countries:
The haircare sector in Asia-Pacific is geographically spread across China, Malaysia, Philippines, and India. These countries are identified as the high potential counties for the haircare products in the Asia-Pacific region. China will witness a highest volume CAGR of 9.1%, followed by India that will witness a volume CAGR of 7.4% during the period 2017–2022.
Hypermarkets & supermarkets was the leading distribution channels for haircare products in the Asia-Pacific region, accounting for 31.1% of total value sales in 2017, while convenience stores, the second-largest channel, registered a 27.3% value share.
The leading distributors for haircare products in the Asia-Pacific region are hypermarkets, supermarkets and convenience stores. Hypermarkets & supermarkets are the leading distribution channels that registered 31.1% of total value sales, while convenience stores registered 27.3% value sales in the year 2017 for haircare products in the Asia-Pacific region.
The most common package material used in the Asia-Pacific haircare sector is flexible packaging which registered a volume share of 61.4%, followed by rigid plastics which registered a volume share of 36.8% in the year 2017. The usage of flexible packaging has witness a faster growth during the period 2012–2022, and is followed by rigid plastics.
Key Topics Covered in the Report:-
- Asia Haircare Market Research Report
- India Haircare Market Research
- China Hair Care Market Research Report
- Philippines Haircare Industry Revenue
- Haircare Industry Competition
- Asia Haircare Major Players Market Share
- Hair care Market Asia Distribution Channels
- Asia Cosmetics Industry Research Report
- Asia Haircare Market Forecast
- Asia Haircare Market Future Outlook
- Asia Haircare Market Growth Analysis
- China Hair Care Market Forecast
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Ankur Gupta, Head Marketing & Communications